96,678 Shares in JPMorgan Equity Premium Income ETF $JEPI Bought by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 96,678 shares of the company’s stock, valued at approximately $5,480,000.

Other hedge funds also recently added to or reduced their stakes in the company. Equitable Holdings Inc. increased its holdings in shares of JPMorgan Equity Premium Income ETF by 3,477.6% in the 4th quarter. Equitable Holdings Inc. now owns 1,853,767 shares of the company’s stock worth $106,110,000 after acquiring an additional 1,801,951 shares during the period. Tableaux LLC lifted its position in JPMorgan Equity Premium Income ETF by 1,462.3% in the 4th quarter. Tableaux LLC now owns 1,503,922 shares of the company’s stock valued at $86,084,000 after purchasing an additional 1,407,660 shares during the last quarter. Raymond James Financial Inc. boosted its stake in JPMorgan Equity Premium Income ETF by 11.4% during the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock valued at $463,602,000 after purchasing an additional 825,889 shares during the period. SHP Wealth Management acquired a new position in JPMorgan Equity Premium Income ETF during the 4th quarter valued at about $42,882,000. Finally, RiverFront Investment Group LLC grew its position in JPMorgan Equity Premium Income ETF by 24.0% in the 4th quarter. RiverFront Investment Group LLC now owns 3,804,642 shares of the company’s stock worth $217,778,000 after purchasing an additional 737,043 shares during the last quarter.

JPMorgan Equity Premium Income ETF Trading Up 0.6%

Shares of NYSEARCA:JEPI opened at $57.24 on Friday. The firm’s 50 day moving average is $56.31 and its two-hundred day moving average is $57.22. JPMorgan Equity Premium Income ETF has a 52 week low of $55.10 and a 52 week high of $59.90. The firm has a market capitalization of $45.66 billion, a P/E ratio of 23.93 and a beta of 0.54.

JPMorgan Equity Premium Income ETF Company Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.